Hi, this is Wayne again with a topic “Elon Musk’s OpenAI rival xAI closes in on $6 billion in funding | TechCrunch Minute”.
Elon Musk is Raising billions for his AI startup X. Aai Tech runch recently broke the news that xai is Raising $ 6 billion at a pre-money valuation of $ 18 billion. The deal isn’t closed yet so the numbers could change, but wherever they end up, that is a lot of money and a huge valuation for a startup. That’S only 10 months old now I know it can be hard to keep track of all the companies. Musk has founded, in fact, this is the second time he’s co-founded an AI startup. The first one was open AI, but there’s been a big split between musk and open AI. In a typical example of his sense of humor he’s been calling the company closed AI.
Instead of open Ai and he’s even suing the company, alleging that its leadership is violating its contractual obligations by focusing on profits instead of building AI to benefit Humanity, we definitely don’t have time to get into the whole complicated for-profit, not for-profit, structure of open AI, but The point is, musk is suing his old AI company, while he’s also launching a new one, and his goal for xai is really big to understand the true nature of the universe. That’S a direct quote now you might be thinking, doesn’t musk already have enough to do? It’S not like his existing companies are doing great. At Tesla alone, there are falling sales, there’s the whole cybertruck mess, and even though the US government has closed one investigation into the autopilot system, it’s already opened another one, but apparently must connection to all those other companies is part of the xai pitch. We’Ve already seen some of that Synergy with X, aka the former Twitter using the xai chatbot grock. So the idea is that xai could pull training data from SpaceX texla. Even his brain interface, startup neuralink and AI models are always hungry for more training data.
So this could be a huge competitive advantage and this could benefit musk’s. Other companies, too, he’s pitching this as a way for Tesla to finally achieve the dream of true self-driving cars and also to get its humanoid robot Optimus working in factories by the end of the year will xai actually achieve all those things hard to say. For example, we don’t know legally what musk is allowed to do in terms of taking data from one company and using it at another company. But, let’s be honest, he’s more of an ask forgiveness. Instead of permission, kind of guy, more broadly musk has made a lot of big promises about his companies in the past, and he has a bit of a mixed record when it comes to achieving them. But even when his companies don’t fully live up to his hype, they can achieve extraordinary things. Maybe that’ll be true here, thanks Alex for letting me fill in, he be back tomorrow. .